Dell Technologies (NYSE:DELL) Stock Price Up 0.2% - Still a Buy?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares rose 0.2% on Wednesday . The company traded as high as $127.51 and last traded at $126.04. Approximately 823,197 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 10,446,267 shares. The stock had previously closed at $125.83.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DELL shares. Citigroup raised their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Barclays boosted their price objective on Dell Technologies from $97.00 to $106.00 and gave the company an "equal weight" rating in a research report on Friday, August 30th. UBS Group cut their target price on Dell Technologies from $164.00 to $158.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Fox Advisors upgraded Dell Technologies from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 30th. Finally, Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a "neutral" rating and a $120.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $143.50.

Dell Technologies Stock Performance

The stock has a market cap of $89.90 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.29 and a beta of 0.90. The stock's fifty day moving average is $112.74 and its 200 day moving average is $125.37.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.44 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies's dividend payout ratio is currently 36.33%.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the transaction, the chief executive officer now owns 16,912,241 shares of the company's stock, valued at approximately $2,070,058,298.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares of the company's stock, valued at $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the transaction, the chief executive officer now directly owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,952,662 shares of company stock worth $2,113,259,348. 46.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company's stock worth $1,346,054,000 after buying an additional 647,192 shares in the last quarter. Capital World Investors purchased a new position in Dell Technologies during the 1st quarter valued at about $835,946,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company's stock valued at $319,771,000 after purchasing an additional 51,804 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Dell Technologies by 4.1% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company's stock worth $194,289,000 after purchasing an additional 55,763 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Dell Technologies by 103.1% during the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company's stock valued at $156,275,000 after purchasing an additional 575,166 shares in the last quarter. Institutional investors own 38.10% of the company's stock.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).